Oil Prices Hit Six-Month High on Iran War Fears
#OilPrices #USIranTensionsOil prices surge to multi-month highs amid U.S.-Iran tensions. President Trump warned Iran to make a deal or face consequences, raising fears of military conflict that could disrupt global oil supply from the key producer. read more
OPEC+ Alliance Debates Production Increase Amid Low Demand Concerns
#OPEC #OilPricesOPEC+ considers postponing crude production increase due to sluggish demand and competition, potentially leading to stagnant oil prices into 2025. Despite this, U.S. motorists are benefiting from cheaper gasoline prices at around $3 a gallon. + read more
Trump's 2020 oil deal with OPEC and Russia backfires
#OilPrices #USPoliticsDonald Trump's late 2020 gamble to stabilize oil prices has set up an economic challenge for the Biden administration. The OPEC and Russia deal, orchestrated by Trump, led to higher gas prices upon Biden's inauguration, impacting the economy. read more